{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-002919","form_type":"8-K","ticker":"SPFI","cik":"0001163668","company_name":"SOUTH PLAINS FINANCIAL, INC.","filed_at":"2023-01-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.008720+00:00","generated_at":"2026-06-20T07:54:28.374734+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"South Plains Financial Q4 net income $12.6M, down 19% QoQ; EPS $0.71 vs $0.86","bullets":["Diluted EPS $0.71 vs $0.86 Q3 and $0.79 Q4 2021; net income $12.6M down from $15.5M.","Net interest margin expanded to 3.88% from 3.70% Q3; loans held for investment up 12.7% YoY to $2.75B.","Noninterest income fell $8.2M QoQ to $12.7M on lower mortgage banking (originations down 60.2% YoY).","Full year 2022 diluted EPS $3.23 vs $3.17; net income $58.2M vs $58.6M.","2023 loan growth outlook low single digit; repurchased 4.8% of shares outstanding in 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-002919","json":"https://secwatch.observer/filing/0001140361-23-002919.json","markdown":"https://secwatch.observer/filing/0001140361-23-002919.md","text":"https://secwatch.observer/filing/0001140361-23-002919.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1163668/000114036123002919/0001140361-23-002919-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1163668/000114036123002919/brhc10047072_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T07:54:28.374734+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"71de28d470b9fdc3adfea00ed5560acc5e050467","claim":"SOUTH PLAINS FINANCIAL, INC. reported the fourth quarter of 2022 results: net income $12.6 million, EPS $0.71. Guidance initiated.","evidence_excerpt":"Net income for the fourth quarter of 2022 was $12.6 million, compared to $15.5 million for the third quarter of 2022 and $14.6 million for the fourth quarter of 2021. ● Diluted earnings per share for the fourth quarter of 2022 was $0.71, compared to $0.86 for the third quarter of 2022 and $0.79 for the fourth quarter of 2021.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1163668/000114036123002919/0001140361-23-002919-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter of 2022"},{"label":"Net income","value":"$12.6 million"},{"label":"EPS","value":"$0.71"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"c3b1a99a3d4fdb0fda55abb0cc34fbf4e6aa3d2c","claim":"SOUTH PLAINS FINANCIAL, INC. reported the year ended December 31, 2022 results: net income $58.2 million, EPS $3.23. Guidance initiated.","evidence_excerpt":"Full year net income of $58.2 million in 2022, compared to $58.6 million in 2021. ● Diluted earnings per share of $3.23 in 2022, compared to $3.17 in 2021.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1163668/000114036123002919/0001140361-23-002919-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2022"},{"label":"Net income","value":"$58.2 million"},{"label":"EPS","value":"$3.23"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}